The Power Sports Global Market Report 2023, provides comprehensive information on the power sports market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Power Sports Market’s Growth:
https://www.thebusinessresearchcompany.com/report/power-sports-global-market-report
As per The Business Research Company’s Power Sports Global Market Report 2023, the market size grew from $31.43 billion in 2022 to $34.05 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The power sports market size is expected to grow to $47.26 billion in 2027 at a CAGR of 8.5%.
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Technological advancements are a key trend gaining popularity in the power sports market. For instance, in July 2020, Polaris Inc., a US-based manufacturer of power sport vehicles, launched RideReady, an industry-first on-demand digital service platform. The new RideReady digital strategy aims at leveraging digital solutions and technology for providing industry-leading tools, which break down the barriers of ownership, build affinity and loyalty with existing customers, and introduce power sports to new people. RideReady connects the power sports owners and dealers with Indian Motorcycle and Polaris dealerships for easily scheduling service appointments online.
The power sports market is segmented:
1) By Vehicle Type: All-Terrain Vehicle, Side-By-Side Vehicle, Personal Watercraft, Snowmobiles, Heavyweight Motorcycle
2) By Model: Multi Personal, Sit Down, Stand Up
3) By Application: On-Road, Off-Road
Top Major Players
John Deere
Polaris Inc.
Kawasaki Heavy Industries Motorcycle & Engine Company
Yamaha Motor Co. Ltd.
Honda Motor Company Ltd.
North America was the largest region in the power sports market in 2022.
The table of contents in TBRC’s power sports market report includes:
1. Executive Summary
2. Power Sports Market Characteristics
3. Power Sports Market Trends And Strategies
4. Power Sports Market – Macro Economic Scenario
5. Power Sports Market Size And Growth
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26. Africa Power Sports Market
27. Power Sports Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Power Sports Market
29. Power Sports Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Power Sports Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Power Sports Market, Segmentation By Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Power Sports Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 46: Polaris Inc Financial Performance
Table 47: Kawasaki Heavy Industries Motorcycle and Engine Company Financial Performance
Table 48: Yamaha Motor Co. Ltd. Financial Performance
Table 49: Honda Motor Company Ltd. Financial Performance
Table 50: Suzuki Motor Corporation Financial Performance
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